News
Further interest rates cuts to hit savers
SAVERS face further misery as the Bank of England slashed interest rates to 0.25% yesterday (Aug 4) in an attempt to stimulate the struggling economy in the wake of the Brexit vote.
Retirees and the semi-retired reliant on savings in ‘safe’ bank and building society accounts face a double whammy as record low interest rates combine with rising inflation caused by a weakened pound.
The Bank of Scotland pre-empted this move last week when it wrote to 1.3 million business customers warning that they could start imposing charges on credit balances; effectively imposing negative interest rates.
This would follow moves by banks in Switzerland and Sweden. Even if negative interest rates are not introduced for individual savers, interest rates of practically zero will see hard-earned nest eggs shrink in real terms as the the cost of living rises.
This will be a huge blow to thrifty pensioners who did though they had done ‘the right thing’ throughout their working lives by putting money aside for retirement. The over 65s form a disproportionately high percentage of the west Wales population, and as they are forced to further tighten their belts, this will pile more pressure onto struggling local businesses in one of the most deprived areas of the UK.
Mrs Alice Hughes from Pembroke Dock, who relies on a small nest egg to top up her state pension, told the Herald: “I’ve always been careful and put money away in the building society. With interest rates the way they are now, I’m wondering whether I’d be better off keeping it under the mattress.”
Mr Ronald Edwards from Cardigan, who is due to retire in six months time said: “I’ve been looking at annuities online, and the amounts being offered are so low, I might as well cash in my pension pot and buy a classic car. At least there’s a chance of it increasing in value.”
In further moves, the Bank of England announced further printing of money to prop up the economy, and revised the growth forecast for 2017 from 2.3% to 0.8%.
With pressure on company pension pots creating difficult decisions for managers about whether to invest in wage increases or filling the pension deficit, workers in west Wales could see their already low wages stagnate for the foreseeable future.
Mark Carney, the Canadian Govener of the Bank of England said that this was a necessary step to adjust to the new reality post-Brexit, in which the economic outlook has changed.
There may be some positive news for those with savings in stocks and shares, which receive a boost when interest rates are cut.
There is more positive news for mortgage holders and home-buyers on variable interest rate mortgages, who will see a drop in their monthly payments.
As the pound continues to slide against the dollar, holidaying in the UK may become a more attractive option to families feeling the squeeze, providing a boost to the west Wales tourist industry.
How are you being affected by the record low interest rates? Email [email protected].
Crime
Prosecution delivers powerful closing speech in Christopher Phillips trial
Jury expected to retire shortly in Swansea Crown Court baby abuse case
THE TRIAL of Christopher Phillips, accused of inflicting catastrophic injuries on a 10-week-old baby in Haverfordwest, moved into its final stages today (Dec 5) as the last evidence was heard and the prosecution delivered a forceful closing speech at Swansea Crown Court.
Phillips, 34, of Kiln Park in Burton, is charged with causing serious physical and sexual harm to Baby C in January 2021. The infant was taken by ambulance to Glangwili Hospital in the early hours of January 24 after suffering life-threatening internal injuries.
The baby’s mother faces separate charges of allowing serious physical harm and child cruelty for allegedly failing to protect her child.
Final evidence presented
The court resumed at 11:09am, when the prosecution submitted its final exhibit: a detailed timeline reconstructed from Phillips’ mobile phone data, charting his visits to the mother’s flat in Haverfordwest.
Prosecutor Caroline Rees KC highlighted the distances between Phillips’ home, the mother’s address and Glangwili Hospital, telling the jury that the timings were central to understanding the sequence of events that night.
This concluded the evidential phase of the trial.
Judge issues legal directions
Late this morning (Friday, Dec 5) Judge Paul Thomas KC delivered his directions to the jury, outlining the legal tests required for convictions against both Phillips and the child’s mother. He reminded jurors to consider each charge separately and to apply the law only to the evidence they had heard.
Prosecution closing speech
In her closing address at early this afternoon, Rees KC told the jury that 10-week-old Baby C had been a “happy little baby” who showed “no signs of distress” in a video recorded by his father on January 23, 2021.
She said that within hours, by the early morning of January 24, the infant was in hospital with what she described as a “gaping tear in his anus”.
Rees KC argued that the evidence of who caused the injuries “points in one way – towards Christopher Phillips”.
Turning to the baby’s mother, she said the prosecution’s case was that she was “not without blame”, telling the jury that the mother had “failed in her duty to keep her baby safe”.
“She at the very least ought to have realised that her baby was at serious risk from the man she brought into her home,” Rees KC said. “She didn’t take any steps to keep that baby safe. She prioritised Christopher Phillips over her own child.”
Jury expected to retire
No defence closing speech was delivered today and no further evidence is scheduled. The jury is expected to retire shortly to begin its deliberations.
The case continues at Swansea Crown Court.
Farming
FUW urges government action as plunging dairy prices threaten family farms
THE FARMER’s UNION OF WALES has sounded the alarm over a sharp and sustained collapse in dairy prices, warning that the situation is placing intolerable pressure on family farms already grappling with regulatory change, rising costs and wider economic uncertainty.
The Union convened an emergency meeting of its Animal Health and Dairy Committee last week to assess the scale of the crisis. Representatives from across Wales reported widespread anxiety, with many members seeing milk prices fall dramatically through the autumn. Processors are now signalling further cuts in early 2026, while commodity markets offer little sign of stability heading into spring.
Farmers, fearful of jeopardising commercial relationships, have approached the FUW confidentially to express grave concern about projected milk payments for the coming months. Many say the offers being made will fall far below the cost of production.
Average milk prices are forecast at just 30–35 pence per litre, against estimated production costs of 39–44 pence per litre (Kite Consulting). On current trajectories, the FUW warns a typical Welsh dairy farm could lose thousands of pounds per month for as long as the downturn persists.
Following its committee meeting, the Union raised the matter directly with Deputy First Minister Huw Irranca-Davies MS during talks in Cardiff on Wednesday, December 3. Officials stressed the immediate threat facing family-run dairy farms and called for urgent consideration of government support to prevent long-term damage to the sector.
Gerwyn Williams, Chair of the FUW Animal Health and Dairy Committee, said the pace of the price crash was “unprecedented”.
“Farmers are facing an impossible situation where input costs remain high while the value of their product plummets. The viability of many family farms is now at serious risk. We need immediate assurances that this crisis is being treated with the urgency it deserves.
“Some can weather a short storm, but rumours that this could continue into summer 2026 will see businesses shut. These modest family farms have already invested heavily to meet regulatory requirements. Cuts on this scale will severely impact their ability to service repayments.”
FUW Deputy President Dai Miles warned that the consequences extend far beyond farm gates.
“Dairy farming underpins thousands of jobs in Wales and is central to the economic, social and environmental fabric of rural communities. When prices fall this sharply, it isn’t just farmers who suffer — local businesses, services and entire communities feel the impact.
“We have made it clear to the Deputy First Minister that government must work with the industry to provide immediate stability and a long-term resilience plan.”
The FUW says it will continue to work with the Welsh Government, processors and supply-chain partners to seek solutions and secure fair, sustainable prices for producers.
Community
Haverfordwest’s first memory tree brings community together this Christmas
Spud Box is delighted to launch a brand-new festive initiative for the people of Pembrokeshire – Haverfordwest’s first Memory Tree, now open to the public at our premises.
The idea, inspired by Drew from The Big Pembs Panto, invites members of the community to write and hang personal messages on the tree. These can be tributes to loved ones, cherished memories, or simple Christmas wishes.

The project has been created to give people a meaningful way to connect during the festive season. All materials – including paper, plastic pockets and ribbon – are provided free of charge. Visitors are also welcome to enjoy complimentary hot drinks, kindly supplied by Connect: Pembrokeshire, along with mince pies donated by Brakes.
Anyone who prefers to create their message at home can bring it in, and the team will be happy to help attach it to the tree.
Donations are being encouraged in support of Sandy Bear Children’s Bereavement Charity, making the Memory Tree both a reflective and charitable community event.
The tree itself looks spectacular thanks to Sion from DSR Batteries, who supplied the lighting. The project has also received generous support from Marty at Sandy Bear Children’s Bereavement Charity and Pure West Radio. Spud Box welcomes other community groups or organisations who wish to get involved.
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